RALEIGH, NC — (MARKET WIRE) — 07/07/2005 — Safety Scan Technology, Inc. (SSTI) a portfolio company of HydroFlo, Inc. (OTC BB: HYRF) today announced the assistance of NASA-funded Space Alliance Technology Outreach Program (SATOP) to help streamline their revolutionary technology, the Aquacorder. The challenge is to make the device compact in order to scan and analyze contaminants in water systems.
The technology, Swept Frequency Acoustic Interferometry (SFAI), was originally created by Dr. Dipen N. Sinha with Los Alamos National Laboratories. It utilizes high frequency sound waves to analyze and detect pre-programmed contaminants in water systems through metal, glass, ceramic, and plastic barriers. SFAI has been in use for several years by the federal government as well as for the internal purposes at LANL.
“This technology will allow our customers the ability to analyze their water supply immediately and without opening the container,” said Mike Doss, Safety Scan Technology’s Chief Operating Officer. Potential clients for SFAI and the advanced scanner include desalinization plants, beverage bottling processes, and semiconductor and pharmaceutical manufacturers, which need to verify incoming water purity.
SSTI approached SATOP for assistance in consolidating the electronics associated with SFAI into a smaller, potentially hand-held sized unit, in contrast to the bulkier equipment currently in use. “This new technology is light-years ahead of anything else on the market right now and should revolutionize the way water is controlled and analyzed,” said Christophe Gilfriche, SATOP Florida senior program engineer.
Dan Kovach reviewed the technology and once he had a thorough grasp of the concept, he was able to identify circuit configurations that could be implemented, confirm that the device could indeed be miniaturized, and provide suggestions on how to achieve the miniaturization.
“My research concluded that the SFAI device can be miniaturized to the size of a commercially available handheld device using commercially available components,” Kovach said.
In addition, Kovach suggested rearranging the components and provided a list of options for consideration, such as a wireless system or separate monitor. He also advised that SSTI avoid components that contain lead due to potential bans on such components in various markets throughout the world. Lastly, Kovach provided suggestions for alternative methods for design and different graphical display options.
“Dan’s advice will help us bring our product to the prototype stage faster, and we will be able to move more quickly to make the device smaller,” Doss said. Development of a working prototype is under way, and once completed the company will perform extensive field testing.
“We were looking for guidance about our micro circuitry, with the goal of saving a step or two in development down the road,” Doss said. “We certainly received that and more from Dan, not to mention the opportunity to be associated with a great program like SATOP.”
About HydroFlo
HydroFlo (http://www.hydroflo.us/) is a Business Development Company, as defined by the Investment Act of 1940. Headquartered in Raleigh, North Carolina, HydroFlo’s core focus is to seek out synergistic acquisitions that will provide capital appreciation and income from its portfolio companies. The mission of HydroFlo is to locate, develop, and fund innovative technologies and businesses and utilize these acquisitions to make pure water available to the world by means of disinfection, purification, and removal of contaminants. It is our belief that water can overcome hunger, disease, poverty, and improve the overall quality of life on earth.
About SATOP
The NASA-funded Space Alliance Technology Outreach Program (SATOP) provides small businesses with free technical assistance through the expertise of the U.S. Space Program, as well as aerospace contractors, NASA field centers, universities and colleges. These organizations join SATOP as Space Alliance Partners and donate time and expertise to help solve technical challenges for small businesses. Platinum level Space Alliance Partners include AJT & Associates, Lockheed Martin, TEAM Specialty Products, and The Boeing Company. For more information about SATOP, or to request technical assistance, please visit www.SpaceTechSolutions.com.
About TRDA
The Technological Research and Development Authority (TRDA) is an independent special district of the State of Florida and was established in 1987. TRDA delivers successful and cost-effective initiatives dedicated to enhancing economic development and education throughout the state of Florida and across the nation. Programs operated by the TRDA and the services it provides include: the Space Alliance Technology Outreach Program – technical assistance to small businesses, the Endeavour Academy – professional development for teachers, the Business Incubation Network – facilities, resources and mentoring to small businesses, the H1B Visa Training Program – training to high-tech incumbent American workers, and Energy initiatives – assistance to businesses developing energy related technologies. For more information about TRDA visit www.trda.org.
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company’s future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results.
HydroFlo, Inc.
Investor Relations
Rebecca Morgan
919-772-9925
[email protected]